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S. 2232119th CongressPassed one chamberLatest action May 4, 2026Decoded by AI · checked against the record
Official title: Expanding the Surety Bond Program Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
This bill raises the federal surety bond guarantee limit from $6.5 million to $18 million so small businesses can compete for bigger contracts.
50-second read · 5 questions answered below
This bill raises the maximum federal guarantee on a surety bond from $6.5 million to $18 million. If the SBA requests extra funding from Congress to keep the program running, that cap automatically drops by one-third until the issue is resolved. Up to 2% of the program's revolving fund can be used each year for the SBA's own costs, and both the SBA and the Government Accountability Office must produce reports on the program.
Small businesses that seek government or private construction and service contracts are most directly affected. Surety companies that back those contracts are also affected.
A higher guarantee limit changes which contracts small businesses are able to pursue. The automatic cap reduction and reporting requirements create oversight mechanisms tied to the program's financial condition.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it passed the Senate, and the official record shows nothing new since. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Held at the desk.